Boryung Holdings Increases Stake via Merger with Special Relation and Pledge Release

Reporter Boryung Holdings merged with special relation Boryung Partners on May 1, 2026, acquiring 18,097,207 common shares of the issuer held by Boryung Partners.
The merger increased Boryung Holdings' stake in the issuer; a pledge on shares from Boryung Partners was released on April 30, 2026 upon full repayment of a stock-backed loan.
Reporter's financials (end-2025): total assets 109.8B won, equity 69.3B won, liabilities 40.5B won.
An officer of the reporter was newly appointed as inside director of the issuer on March 31, 2026, potentially increasing influence.
PAK YUN SIK acquired shares on June 5, 2025 via stock grant at 8,650 won per share.